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Swapy – The Solution for Universal Access to Credit

Swapy is building a decentralized protocol with a suite of three integrated applications aiming to provide Universal Access to Credit. These applications are:

(1) The Swapy Exchange, which aims to connect smart money to emerging economies. It will introduce international investors from countries where the interest rates are comparatively low to credit companies in countries where the interest rates are comparatively high, providing better returns to the investors and lower cost capital for the credit companies;

(2) Swapy Financial ID, which aims to empower people, giving them a financial identity that has the purpose to be valid anywhere in the world;

Swapy Data Market, which aims to transform users’ financial data into self-determined value through a token-based system. This suite of decentralized applications will allow the individuals to hold their own data and to choose how many tokens they receive in exchange for it, and when, and with whom they want to share. The Swapy Data Market also aims to reduce the entrance barriers for new participants since huge pools of data will no longer be exclusive to large corporations, and instead will present an opportunity for the new entrants. The Swapy Company envision a world of efficient credit markets, with no barriers to entry for new players, where consumers have the power and reap the benefits of Universal Access to Credit.

The Solution: Swapy Network

Swapy Network is a decentralized protocol that aims to connect the various participants within the financial industry: (i) borrowers, (ii) creditors, (iii) insurers, (iv) data producers, (v) data consumers, and others. With Swapy Network, individuals and/or companies are able to offer or consume services and collaborate within the ecosystem to decrease the prices of financial services, all the while being more inclusive of new entrants in the financial industry. The fees to operate in Swapy Network will be charged in Swapy cryptographic tokens (SWAPY). This way, token holders will have access rights to use the Swapy Network, benefiting from and contributing to it, and receiving tokens in exchange. This section provides an overview of the Swapy Token, the proposed D’Apps, and the protocol itself.

The Swapy Exchange

The Swapy Exchange is a market-based solution for more globalized and more efficient money markets. Each country has different return expectations on invested capital. For example, Japan has a -0.10% uncollateralized overnight average call rate 13 and 0.3% basic loan rate14. Therefore, Japanese investors always seek out higher yield investment opportunities abroad. On the other hand, emerging economies have an incredibly high interest rate and a high spread between the cost of borrowing and lending. The Swapy Exchange will connect international investors to local credit companies, optimizing returns to the investors and lower rates to the credit companies.

TGE Details

   
Symbol SWAPY
Token Type ERC20
Total supply 100,000,000 SWAPY Tokens
TGE price USD$0.65 = 1 SWAPY Token
Hard Cap USD$ 30,000,000
Minimum Contribution USD$1.00
Accepting ETH only


For more information,visit the Website or read the Whitepaper.

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